ADA Records Sharp Decline Despite Cardano’s First Oracle Integration
Cardano's native cryptocurrency ADA has experienced a drop in price despite the blockchain's first-ever Oracle integration launch with Charli3, an open-source decentralized Oracle. The integration with Liqwid, a decentralized interest rate protocol for lending and borrowing on Cardano, enables Charli3 to provide secure, safe, and accurate data to the ecosystem. However, ADA's price has dropped by 2% in the last 24 hours and currently trades at $0.379, down from trading above $0.4 on Monday. ADA's market cap has also declined to $13.2 billion from $14.2 billion seven days ago, and its trading volume has dropped from $630 million to $273 million in the past seven days. Despite this, Charli3's Oracle integration is a monumental milestone for Cardano, allowing several projects to build their oracle needed projects on the blockchain.
Biggest Movers: ADA Snaps Losing Streak as BCH Moves to 10-Day High
Cardano ended a two-day losing streak on Monday, as the token moved closer to a two-month high to start the week. Cryptocurrency markets were mostly lower in today’s session, with the global market cap down 0.36% as of writing. Bitcoin cash also climbed, hitting a ten-day high.
Cardano Whales Add 150M ADA, But 3.85B ADA Sell Wall Causing Resistance
Cardano whales have added $150 million worth of ADA to their holdings, but a significant sell wall of $3.85 billion is causing resistance for the cryptocurrency.
ADA Jumps 14% Weekly, BTC Reclaims $28K After Enhanced Volatility
Bitcoin has bounced back above $28,000 after slipping below the level last week, with several crypto analysts pointing out potential bullish scenarios for the next few months. However, several altcoins, including Shiba Inu, Dogecoin, HBAR, and SOL, have retraced hard, with daily declines of up to 6.3%. Cardano is among the few exceptions with daily gains, up by 3.5% in the past 24 hours and more than 14% on a weekly scale. The total crypto market cap has remained stagnant and sits just under $1.2 trillion on CMC.
Biggest Movers: Cardano Moves to 6-Week High, Climbing by Over 6% on Friday
Cardano moved to a six-week high on Friday, as consumer sentiment in the United States fell by more than expected. The University of Michigan’s monthly report fell to a reading of 62 in March, lower than the 63.2 sum markets were expecting. Chainlink also climbed, breaking out of a key resistance level.
Collateral Network (COLT) Continues To Pump In Presale Whilst ADA, UNI Shine Bright
Collateral Network (COLT), a new cryptocurrency project, continues to generate significant interest and investment in its presale, while other cryptocurrencies like Cardano (ADA) and Uniswap (UNI) have also seen significant growth and adoption.
ADA Gets Huge Adoption Boost After Cardano’s Commercial Arm Strikes A Huge Partnership In Thailand
Cardano’s commercialization arm Emurgo has entered into a partnership with Bitkub exchange, the largest crypto exchange in Thailand, and its digital asset education hub, Bitkub Academy.
$ADA: Over 8 Million Native Assets Have Now Been Minted on Cardano
According to data from pool.pm, there are now 8.03 million native assets on Cardano deployed across over 70,900 policies. Minting policies, according to Cardano’s documentation, are a “set of rules that govern the minting and burning of assets scoped under that policy.”
XRP Surges to Strongest Point Since November
Xrp moved to its highest point since November, as markets reacted to news suggesting a verdict could be near in Ripple’s case with the Securities and Exchange Commission (SEC). Cardano was also higher on Wednesday, hitting a one-month high.
XRP Hits 2-Month High, Despite Crypto Consolidation
Xrp rose to a two-month high on March 21, despite crypto markets mostly consolidating in today’s session. The token surged by as much as 12% on Tuesday, whilst the global market cap is trading 0.51% higher as of writing. Cardano was also in the green today.
